Alps Advisors Inc. Raises Stake in HDFC Bank Limited $HDB

Alps Advisors Inc. lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 100.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,000 shares of the bank’s stock after buying an additional 51,000 shares during the quarter. Alps Advisors Inc.’s holdings in HDFC Bank were worth $3,484,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its holdings in shares of HDFC Bank by 150.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock worth $396,312,000 after buying an additional 6,963,646 shares in the last quarter. Schroder Investment Management Group increased its stake in HDFC Bank by 19.0% during the second quarter. Schroder Investment Management Group now owns 10,614,708 shares of the bank’s stock worth $813,830,000 after acquiring an additional 1,692,243 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of HDFC Bank by 89.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,209,034 shares of the bank’s stock valued at $348,741,000 after purchasing an additional 4,810,042 shares during the last quarter. C WorldWide Group Holding A S increased its position in HDFC Bank by 133.0% during the third quarter. C WorldWide Group Holding A S now owns 9,362,828 shares of the bank’s stock valued at $319,834,000 after acquiring an additional 5,345,005 shares during the last quarter. Finally, PineStone Asset Management Inc. grew its holdings in HDFC Bank by 100.4% during the 3rd quarter. PineStone Asset Management Inc. now owns 8,163,734 shares of the bank’s stock valued at $278,873,000 after purchasing an additional 4,089,267 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HDB shares. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, HDFC Bank currently has an average rating of “Hold”.

HDFC Bank Stock Down 1.7%

Shares of HDFC Bank stock opened at $33.87 on Tuesday. HDFC Bank Limited has a 52 week low of $29.23 and a 52 week high of $39.81. The company has a 50 day moving average price of $34.42 and a 200 day moving average price of $35.57. The firm has a market capitalization of $172.79 billion, a P/E ratio of 20.34, a PEG ratio of 1.40 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last released its earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $16.48 billion for the quarter, compared to the consensus estimate of $5.12 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.92%. As a group, research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

About HDFC Bank

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).